Wants
Is a toy a need or a want? Provide a reason for your answer.
Want - A toy is not necessary for survival but can provide enjoyment and entertainment.
Is a toothbrush a need or a want? Why?
Need - A toothbrush is necessary for keeping our teeth and mouth healthy.
What is decision-making?
Decision making is when we choose what to do or what to get from different options. It's like picking your favorite flavor of ice cream or deciding what game to play with your friends. We think about what we want or need and then choose the best option for us.
What does it mean to have limited resources?
Having limited resources means there isn't enough of something available for everyone's wants or needs.
What does it mean to save money?
Saving money means setting aside some of your money instead of spending it right away. It's like putting coins in a piggy bank for something you want to buy later.
Is a bicycle a want or a need? Why?
Want - While a bicycle can provide enjoyment and transportation, it's not essential for survival like food or shelter.
Is electricity a need or a want? Why?
Need - Electricity is essential for powering our homes, providing light, heating, and cooling, as well as for running appliances and electronic devices. Without electricity, life would be challenging or hard.
Why is it important to make thoughtful decisions?
Making thoughtful decisions helps us use our resources wisely, prioritize our needs and wants, and avoid regrets later on.
Can you give an example of a situation where resources are limited?
Answers may vary.
Example: Sharing a pizza with friends when there are only a few slices left, so not everyone can have as much as they want.
Why is it important to save money?
It's important to save money so that you can buy things you really want or need in the future, like toys, games, or even a college education. Saving helps you reach your goals and be prepared for unexpected expenses.
Can you give an example of something that is a want?
Answers may vary.
An example of a want is a toy, because it's not necessary for survival but can provide enjoyment.
Why is it important for everyone to have a home to live in? Is having a home a need or a want? Explain.
Need - It's important for everyone to have a home because it keeps us safe, warm, and comfortable. Having a home is a need because everyone needs a place to live.
Can you give an example of a decision you had to make recently? How did you make your decision?
Answers may vary.
Example: Deciding what to eat for breakfast. I thought about what foods I had available, what I was in the mood for, and what would make me feel energized for the day ahead.
Why do we need to make decisions differently when resources are limited?
When resources are limited, it means there isn't enough of something for everyone to have everything they want. So, we have to decide what's most important and share fairly. This might mean choosing some things over others or taking turns so that everyone can get something they need.
Can you give an example of something you might want to save money for?
Answers may vary.
Example: I might want to save money to buy a new bike, a pet, or to go on a special vacation with my family.
Why is it important for people to understand the difference between needs and wants?
It's important to understand the difference between needs and wants so we can make smart choices about how to use our resources, like money.
Why do you think everyone should have access to a doctor when they are sick? Is this a need or a want? Explain.
Need - Everyone should have access to a doctor when they are sick because doctors help us stay healthy and treat illnesses. This is a need because staying healthy is important for living a good life.
Imagine you have to choose between buying a new toy or saving money for a family outing. How would you make your decision?
Answers may vary.
Example: I would think about what would make me happier in the long run. While a new toy might be fun for a little while, a family outing would create lasting memories with my loved ones.
Imagine you have a limited amount of time to finish your homework and play outside. How would you decide how to spend your time?
Answers may vary.
Example: I would prioritize finishing my homework first because it's important, then I would spend the rest of my time playing outside.
Imagine you have $10. How would you decide how much to save and how much to spend?
Answers may vary.
Example: I might decide to save $5 and spend $5 on something I want right now, like a toy or a snack.
In the story "Those Shoes," why did the main character want the expensive sneakers?
The main character wanted the expensive sneakers because his classmates all had them, and he thought they were cool.
Can you think of something that some people really need but other people might already have? Explain.
Answers may vary.
Example: Some people might need warm clothes in the winter to stay cozy, but if you live in a place where it's always warm, you might not need them as much.
Why is it important to think about both our needs and wants when making decisions?
Thinking about both our needs and wants helps us prioritize what's most important and make smart decisions.
If you were given a limited amount of money to buy groceries for the week, how would you decide what to buy?
Answers may vary.
Example: I would make a list of what I need the most, like fruits, vegetables, and grains, and then prioritize buying those items first before considering any wants like snacks or desserts.
What is one thing you learned about saving money and how do you think it will help you in the future?
Answers may vary.
Example: One thing I learned is that saving money helps me reach my goals. In the future, I can use this knowledge to save up for things I really want, like a new toy or even for college.